Barclays promotes staff, names new David Henderson as new Australian head

British bank Barclays is a shareholder in investment bank Barrenjoey. Picture: AFP

British bank Barclays has promoted its Australia head of investment banking, Richard Satchwell, to head of capital markets financing, Asia Pacific.

His previous title was Australian chief executive and head of investment banking for Australia.

Barclays recently appointed Avinash Thakur as its head of investment banking for the Asia Pacific region.

Mr Satchwell will relocate to Singapore and lead the region’s debt and equity financing activities.

He will be succeeded by Duncan Connellan as Australia’s investment banking head for Barclays.

David Henderson will be the Australian chief executive of Barclays, which is one of the shareholders of Australian investment bank Barrenjoey.

Ee-Ching Tay has been named head of mergers and acquisitions for Asia Pacific, while continuing in her current role as head of investment banking Southeast Asia.

Other appointments include Arun Saigal as head of investment banking India, expanding his

remit, in addition to his role as head of financing, and mergers and acquisitions in India.

Pramod Kumar will continue as Barclays’ India chief executive, and he will assume

additional responsibility as vice-chairman, investment banking Asia Pacific.

It comes after Barrenjoey announced in 2022 that Barclays had lifted its stake in Barrenjoey from 9.9 per cent to 18.2 per cent, subscribing for $75m of new capital.

The proceeds were to be used to further increase regulatory capital to over $250m, up from $150m at the start of the 2022 financial year to support its markets business, including its fixed income and derivative and equity financing.

Elsewhere, former Ashurst partner Jason Salman has joined rival law firm Mills Oakley as a partner.

He started in the job last month.

Based in Perth, Mr Salman specialises in complex financial restructurings, recapitalisations, pre-packaged restructurings, private credit and distressed debt situations and consensual workouts, with 27 years of industry experiences both here and abroad.

He will lead the national restructuring and insolvency practice.

Mills Oakley also hired energy, resources and infrastructure lawyers Sarah Pick, who joins from MinterEllison and would work as a partner based in Adelaide, and Yannis Vrodos, who joins as partner from Herbert Smith Freehills Kramer and is based in Perth.